New Conservative life peer announced

04 September 2012

A new Conservative life Peer, Paul Deighton, will be joining the House of Lords.

Mr Deighton is a former investment banker and is the Chief Executive of the London Organising Committee of the Olympic and Paralympic Games (LOCOG). He has also been appointed Commercial Secretary to the Treasury.

Before his role at LOCOG Mr Deighton was Chief Operating Officer for Europe at Goldman Sachs, where he had worked since 1983. Other roles at Goldman Sachs included Head of European Operation and joint Head of Controllers, he was also a partner in the firm.

Next steps

A title has to be agreed and Letters Patent and Writ of Summons documents must be prepared before becoming a member of the Lords.

Letters Patent are issued by the Queen and create a life peerage.

The Writ of Summons accompanies the Letters Patent and calls the member to the House.

Once the new member has had a short introduction ceremony and taken an oath of allegiance, they can sit and vote in the House.